Speaker Menin on job loss and publicly funded grocery stores

Thank you so much, Chair Lee, and I want to thank Chair Lee and Chair Maloney for conducting this important hearing.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

Good morning to Interim President and CEO Pack, and I want to thank you and the rest of the EDC staff for being here this afternoon.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

EDC is a key player in fostering economic growth, developing workforces, and improving the sustainability of our city.

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So we're going to be monitoring the student loan marketplace.

Holds a vital role in ensuring that these many benefits are spread equitably across all of our communities.

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So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

I do want to say at the outset that I have, and I've been speaking about this for several months, I'm concerned about the job loss that's happening in our city, the fact that we have lost about 27,000 jobs

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So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

compared to the job growth that we have seen each and every year in the prior four years.

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And I think this is something that has to be addressed, and it's something that we are deeply concerned about.

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So we're going to be monitoring the student loan marketplace.

Today I want to explore some of the key allocations that are included in EDC's fiscal 2027 executive budget.

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So we're going to be monitoring the student loan marketplace.

and capital commitment plan.

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As you know, the administration has also included $70 million for the program to create a system of publicly funded grocery stores.

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So we're going to be monitoring the student loan marketplace.

I do want to be clear that the council absolutely agrees that grocery prices are too expensive and we must lower the price of groceries.

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So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

That's one of the many reasons why

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We have introduced bills to ban dynamic pricing around grocery prices as well as surveillance pricing, so that's something that we are very committed to.

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So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

Today we want to hear from the administration about how the impacts of this specific proposal would impact bodegas and other small grocery stores that are in close proximity to the planned new stores.

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So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we want to understand that impact from EDC as well as the impact on workers at those businesses so we can better understand and ensure that bodegas, grocery stores, and workers at those stores are not adversely impacted.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.

So we're going to be monitoring the student loan marketplace.